ETHE shareholders will receive ETH shares automatically in their investment accounts without needing to take any action or make any payments.
The ETH Trust, aiming for a listing on NYSE Arca under the ticker “ETH,” will initially be funded by transferring 10% of Grayscale Ethereum Trust’s Ethereum holdings.
Crypto asset management giant Grayscale has recently revealed that the first issuance and distribution of the shares for the Grayscale Ethereum mini-Trust will begin next week from July 18. Thus, it will be a new addition to the firm’s list of crypto investment product offerings. The development comes just as spot Ethereum ETF issuers submitted all the S-1 amendments on Monday, per the CNF update.
As of July 18, Grayscale will initiate the distribution of shares for the Grayscale Ethereum Mini Trust (ETH Trust) to shareholders of Grayscale Ethereum Trust (ETHE). Thus, each ETHE holder would be entitled to receive the shares of ETH trust in proportion to their ETHE holdings.
